FameEX Morning Crypto News Recap | July 29, 2024

Trump: Never sell your Bitcoin

In his Bitcoin 2024 conference speech, Trump advised never to sell Bitcoin, pledging to keep 100% of it in the country’s strategic reserve if elected. He also promised to prevent the U.S. government from selling seized bitcoins, emphasizing the importance of maintaining Bitcoin holdings.

15 Democratic Lawmakers Advocate for New Cryptocurrency Policy Approach

On July 27, FOX Business reporter Eleanor Terrett shared that U.S. Congressman Wiley Nickel and 14 Democratic congressmen are advocating for a new cryptocurrency policy approach. Proposed measures include: adding cryptocurrency support to the party platform, choosing a vice president and SEC chairman who support crypto and innovation, and meaningfully engaging with the industry.

Swiss Regulator Releases Stablecoin Guidance

The Swiss Financial Market Supervisory Authority (FINMA) recently issued guidance on stablecoins, highlighting increased money laundering risks. The document also addresses the financial market legal aspects of stablecoin projects and their potential impact on regulated institutions, emphasizing the need for vigilance and compliance with existing regulations.

Hong Kong Lawmaker Proposes Adding Bitcoin to Strategic Fiscal Reserves

Hong Kong Legislative Council member Wu Jiezhuang tweeted that Bitcoin and Web3 are crucial for globalization and should be encouraged. He suggested considering Bitcoin in strategic fiscal reserves under compliance conditions, expressing confidence that the government will responsibly and gradually open up the market.

Analysts: Friday’s Non-Farm Payrolls Data May Influence September Fed Rate Cut

This week marks a "super central bank week" with major announcements from the Bank of Japan, the Bank of England, and the Federal Reserve regarding interest rate decisions. These central banks may make or hint at significant monetary policy changes. Additionally, the Federal Reserve will announce its rate decision next Thursday, and the U.S. will release the latest non-farm payroll data on Friday.

Tether CEO Unveils New Open Source Project

On July 29, Tether CEO Paolo Ardoino announced on social media that Tether is preparing to launch a new open source project. This project will become an important part of Tether's future ecosystem.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.